Comments

This proposal has four issues: 1. the additional tax only makes sense if the existing taxes are inefficiently low; 2. Is this idea not already implemented in the various cap-and-trade agreements? 3. what stops producers from transferring the tax onto consumers? 4. Who is the real polluter? I discuss these questions here: http://wp.me/p3yx1u-9I. Read more

How many indifferent multimillionaires have significant shares of their assets tied up in carbon-intensive assets? What impact would carbon taxes have on share prices of these companies at $2, $10 or $20 a tonne? How would that impact depend on the share of the tax effectively borne bu consumers and producers?

When calculating funds raised by these taxes, recall that a lot of future profits are already costed into current assets. The expected value of lost revenue flows would have to be discounted by the capital gains tax rates expected by these shareholders, thus reducing estimates of tax revenues, especially in the first period or two, I would think. Etc. Read more

The real perpetrators of injustice are those who are trying to prevent Third World nations from bringing prosperity to their own people through expanded use of fossil fuels. The writers of this article are already high carbon users but do not want to extend this privilege to the poor masses. it is elitism at its worst. Their so-called carbon majors are simply groups of workers supplying a product that consumers demand and enjoy. Basically they are indicting all users of fossil fuels for climate injustice of which you, and me, and they are a part. Read more

PS On Air: The Super Germ Threat

NOV 2, 2016

In the latest edition of PS On
Air
, Jim O’Neill discusses how to beat antimicrobial resistance, which
threatens millions of lives, with Gavekal Dragonomics’ Anatole Kaletsky
and Leonardo Maisano of
Il Sole 24 Ore.

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